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MEGEF (MEG Energy) 6-Month Price Index : 0.79 (As of Dec. 12, 2024)


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What is MEG Energy 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-12-12), MEG Energy's 6-Month Price Index is 0.79.

Competitive Comparison of MEG Energy's 6-Month Price Index

For the Oil & Gas E&P subindustry, MEG Energy's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MEG Energy  (OTCPK:MEGEF) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MEG Energy  (OTCPK:MEGEF) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

MEG Energy 6-Month Price Index Related Terms

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MEG Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (OTCPK:MEGEF) » Definitions » 6-Month Price Index
Comparable Companies
TSX:WCP TSX:CPG TSX:SCR TSX:PSK TSX:BTE TSX:ERF TSX:POU TSX:VET TSX:NVA TSX:PEY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
ME7:Germany MEG:Canada
Address
600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5
Website
https://www.megenergy.com
MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production at its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.